The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market cap has led many to believe that U.S dollar-pegged centralized digital assets will have a major say in Bitcoin‘s future. Now, when it comes to stable assets,...Read More
Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value. While this may not sound like a lot for a whole week of trading, it’s important to remember...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Binance Coin market and its impact on BNB’s price With Bitcoin going over $9,500 earlier this week, the rest of the coin market saw a substantial boost. Binance Coin, was one of the major beneficiaries of this hike, and at press time,...Read More
Disclaimer: The following price analysis is witnessing a bearish breakout that should continue over the next 24-hours. In line with the rest of the cryptocurrency industry, Bitcoin SV was able to recapture some of the bullish momentum evident in the past few days. However, the returns were nothing to be excited about as the token...Read More
Anthony Ghosn, the son of former Nissan boss Carlos Ghosn, revealed to prosecutors that he paid about $500,000 in cryptocurrency to one of the two men who helped Carlos break free from Japan. Carlos Ghosn’s Son Transferred Half a Million in Cryptocurrency Through Coinbase According to Reuters, US prosecutors said in a court filing that...Read More
The cryptocurrency market noted a minor resurgence a few days ago after Bitcoin, the world’s largest cryptocurrency, broke from its stagnant price movement to post gains. The altcoin market was quick to follow, with the resurgence coming at a good time for the likes of altcoins such as Bitcoin Cash, Tezos, and STEEM. Bitcoin Cash...Read More
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However, with stablecoins growing, the distribution and...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Chainlink market and its impact on LINK’s price The unwillingness of the market’s ninth-largest cryptocurrency, Chainlink, to align with Bitcoin’s price trend has made it one of the industry’s best-grossing assets. While the market rejoiced in the return of little volatility in...Read More
Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for...Read More
Bitcoin is on the move again on the charts, with the world’s largest digital asset rising to briefly touch its resistance at $9559. At press time, BTC was trading at $9496 with a 24-hour trading volume of $17.28 million. Source: Coinstats With many of the market’s altcoins joining the bandwagon (Ethereum, for instance, hiked by...Read More
In a previous Tezos analysis, a short position with a risk-to-return ratio of 1.69 was provided. The price not only followed through with short targets, but headed even lower [$2.77], providing total profits of 13.84% if the position stayed open. At the time of writing, Tezos [XTZ] was trading at $3.06, with its price registering...Read More
The latest price movement in the Bitcoin market pushed the price of the cryptocurrency over $9.5k, with the altcoin market also mirroring its gains soon enough. However, compared to the world’s largest digital asset, the altcoin market has been noting some pressure building up, making many alts take the bearish journey going forward. XRP Source:...Read More
It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
Disclaimer: The following price prediction foresees a little bit of volatility as a breakout may occur under a week. After its recent ascend to over $0.193, XRP was able to resist an instant correction below the support, but over the past few days, the asset was hinting towards the possibility of a dip. With the...Read More
Over the past 24-hours, Bitcoin finally registered a stark price increase in the charts after collapsing on 16th July. Currently, Bitcoin has a trading price of $9353 and a 24-hour trading volume of $6.1 billion and few of the altcoins followed its cue. Source: CoinStats However, the same cannot be said for all the assets,...Read More
After testing the range high at 1446 sats [$0.1337] Cardano seems to be heading south and has already depreciated by 10.48%. However, this dip is not all bad, as a small pump might be on its way. With the formation of a descending channel, ADA’s price is looking at a 4-8% surge, perhaps even 13%...Read More
Major altcoins in the digital asset industry are currently having quite a ball over the course of the past week. Prices are entering a period of volatility and assets are following their individual trend in the market. Cardano and Stellar continued to ascend in their respective markets whereas ALGO tokens are facing a minor depreciation...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the short-term XRP market and its impact on the price. XRP has moved down the CoinMarketCap list to the fourth position, while Tether [USDT] takes its place. This was possible due to a booming USDT ecosystem and a dormant XRP market cap. As the...Read More
The altcoin market has been witnessing a consolidation phase along with major crypto assets. Despite the slow pace in price movement, many other small-cap assets have witnessed great volatility in the past couple of days, whereas major cryptocurrencies bounced around its immediate resistance and support. Bitcoin Cash [BCH] Source: BCH/USD on TradingView The Bitcoin Cash...Read More
Litecoin, owing to the misfortune of the other altcoins in the market seems to have climbed up the ladder. Currently occupying the 8th spot, LTC has moved past Binance Coin and Chainlink, which have both seen over 3 percent price declines in the past 24-hours. Litecoin’s market cap of $2.74 billion is only marginally ahead...Read More
The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future seemed lost. This was one of the reasons why no one could foresee the explosive growth...Read More
Disclaimer: The findings of the following analysis foresee a change on the charts over the next week Bitcoin SV’s steady decline since the start of June has come back to haunt the crypto-asset, with the high-performing Cardano having overtaken the Bitcoin fork to take the 6th place on the charts. While Bitcoin SV did register...Read More
The narrative of an “altcoin season” is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance. However, while it is doing so, other digital assets in the market have been lifting their game. In the past, Bitcoin would command a greater dominance on...Read More
The major pump the altcoin market was on seemed to be taking a break, at the time of writing, with Litecoin, BAT, and Zcash all heading towards a resistance zone. However, each altcoin’s near-term future is likely to be different considering the setup. Litecoin [LTC] Source: LTCUSD on TradingView At press time, Litecoin stood at...Read More
Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed...Read More
Cardano, Cosmos, and Dash registered contrasting price movements over the past 24-hours, with many of the market’s altcoins continuing to note high trading volumes on their charts. In fact, owing to such a performance, a strong case for an ‘altcoin season’ was being made in the industry. However, there was not much to choose from...Read More
Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months. Altcoin Market Rises To The Occasion The past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap...Read More
Bitcoin might be trending on Twitter, but on its charts, it’s more of the same. Since hitting the $9,000 mark over two months ago, and despite numerous seismic events, including the halving, a massive derivatives expiry, and a Twitter hack, Bitcoin is still trading in the same range. Looking at the short-term chart of the...Read More
Bitcoin Cash, the hardfork of Bitcoin, is in the category of altcoins that have sunk post the events of ‘Black Thursday.’ Following the market collapse in March, some altcoins surged even higher than their Q1 2020 prices, others failed to recover. Bitcoin Cash, evidently, is in the latter category. Looking at the long-term price of...Read More
